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20121222
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WRC (NBC) 5
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English 71
Search Results 0 to 49 of about 71 (some duplicates have been removed)
CSPAN
Dec 22, 2012 7:00am EST
with president obama and signals conservative republicans are inwilling to stomach any rise in tax rates even on those making more than $1 million which was mr. boehner's plan. so walk us through what happened on friday. how did we get there? and it seems like the speaker of the house didn't see this coming, and a lot of folks in washington want to know why not? guest: we begin the week with the speaker of the house saying negotiations between he and president obama had stalled. they were stuck on their -- i guess i would say maybe not their final offers but current offers. boehner said he would raise taxes on those making a million a year or more and get all told $1 trillion in tax increases which he wanted to be matched with $1 trillion in spending cuts and the rate increases on those making $1 million or more and remove loopholes and deductions to get the rest in revenue and then you had your spending cuts. the president, sort of depends on how you do your math and counting, but the president -- by scoreible math the president would have been at $1.3 trillion in tax increases and $900 bil
FOX Business
Dec 24, 2012 10:00am EST
is no deal on taxes. nearly every american is going to have to pay more in just eight days if congress can't reach some kind of an agreement. checking the big board right now, the dow jones industrial average is down about 41 points. again, we've got a half day of trading and we close today at 1 p.m., so that traders can go out on christmas break. light volume, but there are significant movers that we'll talk about in just a second. in particular, apple and jb penpejb-- j.c. penney. we have shibani joshi and adam shapiro as well and first to nicole, j.c. penney, a lot of people worried about retail sales, think it's going to hit companies like j.c. penney hard? guess what? the stock is up 4%, why? >> that's a huge move on a day when the major market average, look the at j.c. penney, it's posted comments from oppenheimer this morning, talking about the fact that promotions are working well and bringing traffic into john kerry opiniony, you know that we spoke about ron johnson and came up from apple and his whole theory, was no promotion and great prices all the time and that really was work
MSNBC
Dec 21, 2012 11:00pm PST
the middle class from tax hikes on the first of the year. >> we've heard plenty of people calling for new gun control laws, but very little from the national rifle association until now. in a bizarre news conference that was interrupted twice by protesters, the head of the nra. it's the same line we've heard before from the nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw last night from house republicans is yet another symptom of the real problem for the gop. they don't believe in compromise. and they've lurched too far to the right. we begin with where things stand on the fiscal cliff, msnbc political analyst and msnbc contributor jared bernstein. jentle men, president obama tonight said he had spoken with speaker boehner in addition to senate majority leader harry reed. >> i just spoke to speaker boehner and i also met with senator reed. in the next few days, i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for two million americans and lays the
MSNBC
Dec 23, 2012 4:00am PST
-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about getting bin laden and how one person can make a huge difference. we begin with where things stand on the
ABC
Dec 23, 2012 8:00am PST
with newark mayor cory booker, anti-tax activist and nra board member grover norquist, peggy noonan of "the wall street journal" and katrina vanden heuvel from "the nation." >>> hello, again. the president and congress are off for christmas fleeing a capitol filled with political rancor and political dysfunction. fiscal cliff talks have completely collapsed. questions about the president's new national security team has forced him to announce the appointments piecemeal and the nra's first response to the tragedy in newtown provoked a fierce debate. we'll cover that starting with the nra's choice to lead a national effort to protect schools, former congressman, asa hutchinson. good morning, mr. hutchinson. thanks for joining us this morning. >> hi. >> you emphasized at the press conference friday you will be independent. but as you begin your effort, this national school shield, initiative, i wonder if you agree with the analysis of the problem laid out by wayne lapierre who says americans have to face this truth. take a look. >> politicians pass laws for gun-free school zones, and in doing
FOX Business
Dec 24, 2012 9:20am EST
>> we have two mainly threats on the horizon. the fiscal cliff and tax increases for everybody if the deal is not reached this week, but potential strike, law shoreman threatening to walk off the ports in the east on gulf coast. this could disrupt billions of dollars in shipments. joining us now ed butowsky, a hell of a way to start a week with the threat after strike. to put it in context, when l.a. had a dock workers strike ten years ago, it cost a billion dollars a day. this is going to affect ports in newark, houston, miami, this could be several billion dollar hits every day to our economy? >> yeah, and i tell you, when you look at it, it's really similar. there are some parallels to the fiscal cliff discussion. because the arguments are about are the royalty payments that the dock workers get for bringing merchandise on board and unloading the cargo and what the similarity is really that we're not-- they're not talking about more business, they're talking about how do we split up the same pie and same thing with the fiscal cliff, we're not talking growing the economy, how
ABC
Dec 23, 2012 9:00am EST
that tax rates shouldn't go up or the other 98% of americans so there is absolutely no reason, none, not to protect these americans from a tax hike. >> senator isakson, he said every republican, every democrat in washington said everyone earning under $250,000 shouldn't get a tax hike. puts that on the floor and some relief from this that's going to hit january 1st. any chance you could support that. >> i feel the house should have passed speaker boehner's bill and the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody but i'm not in the majority in the united states senate and he's the president of the united states. if we get down to the end and the only choice is to save taxes going up on the middle class, i would support that but i wish we would have a comprehensive bill that dealt with spending, entitlements and taxes altogether. >> is that still realistic with time running short? >> it's not real list tick but it was realistic december 1st. it's time for us to get down to work and do the people's business. >>
MSNBC
Dec 22, 2012 2:00am PST
that would spare the middle class on tax hikes from the first of the year. he spoke with john boehner tonight but is grand bargain still possible when everybody is leaving town. then in the weeks since the shooting massacre in a town that left hand 20 children and six educators dead, we've been hearing for plenty calling for new gun control laws but little from the nra until now. in a bizarre meeting, the head of the nra said the solution to gun vie lerchs in this country is simple. more guns. armed officers, in fact, in every school. it's the same line we've heard from nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw is yet another symptom of a real problem for the gop. they don't believe in compromise and they've lurched too far to the right. >>> plus replacing hillary clinton, john kerry gets the job he's waited for his whole life. president obama tapped john kerry as the next secretary of state. >>> and let me finish with the new movie about getting bin laden and how one person can make a huge difference. >>> we begin with the fiscal c
CSPAN
Dec 23, 2012 7:00am EST
. at a news conference with the speaker in a call to extend the tax rates. some have urged congressman tom price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobb
CNN
Dec 23, 2012 2:00pm PST
the white house would want to see is the senate take up some sort of measure to avert the tax hikes that will hit people earning $250,000 or less. that's what they would want. that of course, would require some buy-in from senate republicans and ideally, as the white house would say that would then pass the house. now, that's lot of sort of wishful thinking, you might say, especially considering some of the pessimism we are hearing from democrats and republicans about whether the u.s. is going to go over the fiscal cliff. some folks think that perhaps senator mcconnell would not negotiate something with senate democrats if he wasn't sure that it was going to pass the house, that it would get by at least some of the republicans who would need to get by to pass. but i think the white house is hoping that he will kind of buck house republicans and agree to work something out so that something can pass the senate. but it's very much up in the air, miguel, and not certain that we are not going over the fiscal cliff at this point. >> sounds like a very dangerous game, a very complicated g
MSNBC
Dec 28, 2012 2:00pm PST
families the payroll tax cut that started two years ago is worth around 1000 as year. those families tend to spend that cash because they need it now. republicans say this is one tax cut they hate and the last time it was going to expire, the white house launched a whole campaign about $40 a paycheck. they asked families to send in their stories about what $40 meant to them. well, you know something? $40 a still a lot of cash for the families hit hardest by the great recession. for the wealthy people sitting around the negotiating table in d.c., $40 is just another steak dinner for one. but for many people who voted them into office, it's the cost of groceries for a week of family dinners. let's not forget, they are the ones who still need an economic stimulus, not the families earning more than $250,000 a year. joining me today on a newsy day, "the huffington post" sam stein and the national reviews robert costa. sam, i want to start with you. you have been reporting this out all day, and we know that congressional leaders are with the president this afternoon. they haven't made comments
MSNBC
Dec 23, 2012 12:00pm PST
john boehner seem so close to getting a deal done. they were really close on taxes and entitlement reform. we saw that last week house speaker john boehner couldn't get his plan b through the house. aides tell me right now president obama does not feel as though he has to compromise much more. he believes he has the leverage because he won reelection. >> on taxes i know it is hard for the republicans but the president ran on that platform. 250. no taxes for people below but taxes above. he won. 60% of the voters said they were for it in the exit polls including some republicans. >> reporter: there is also a lot of skepticism among lawmakers. senator joe lieberman said he thinks the country is closer than ever to going over the cliff. the last time interestingly that lawmakers worked between the christmas holiday and new year's was in 1996. that is, of course, when they were dealing with the government shut down. politics will be put aside this morning. the president, a lot of members of congress will be attending that memorial service for the late senator. >> kristen welker in hawa
FOX News
Dec 23, 2012 11:00am PST
in interest on our debt. we have been asking how do you think your tax dollars should be better spent. sheila says it should be used to fix crumbling roads and bridges and military and law enforcement. john wants to know why is it that any time the need to cut spending is up the only thing talked about is social security, medicare and defense. thanks for your responses. "fox news sunday" coming up next. we leave you with sand santas. artists in india carved more than 500 sand sculptures of santa claus to protect the development. have a merry christmas, everybody. >>> i'm chris wallace. talks to avert the fiscal cliff sal and washington debates how to prevent more mass murders. with nine days to go, is it still possible to make a deal to head off big tax increases and spending cuts? captioned by closed captioning services, inc. , republican john borasso and democrat kent conrad. >> as the nation mourns the victims of a newtown school shooting we turn to a man of faith for some answers. in these trying times he sees the need for a spiritual awakening. we will discuss the sandy hook massacre and
CSPAN
Dec 21, 2012 8:00pm EST
to extend tax cuts for most americans. his remarks came as congress leaves washington without a plan to avoid the fiscal cliff. the president said he hoped any deal to avoid the fiscal cliff would also include and extension of unemployment insurance and lay this is about 7 minutes. >> good afternoon, everybody. for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spending. today, i am still willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our
FOX News
Dec 23, 2012 3:00pm PST
possible to make a deal to head off big tax increases and spending cuts? captioned by closed captioning services, inc. , republican john borasso and democrat kent conrad. >> as the nation mourns the victims of a newtown school shooting we turn to a man of faith for some answers. in these trying times he sees the need for a spiritual awakening. we will discuss the sandy hook massacre and the meaning of christmas. plus, a change at the state department as the benghazi report is finally released. we will ask our sunday panel about the nomination of john kerry to rehe place hillary clinton and where the investigation of the terror attack that killed four americans goes now. and our power player of the week continues his holiday tradition to show respect for veterans. all right now on "fox news sunday." hello again from fox news in washington. at christmas, people who are naughty get coal in their stockings and at the white house and congress -- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and
FOX
Dec 23, 2012 9:00am EST
more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual awakening. we'll discuss the sandy hook massacre and the meaning of christmas. with pastor rick warren. >>> plus, a change at the state department. as the benghazi report is finally released. we'll ask our sunday panel about the nomination of john kerry to replace hillary clinton. and, where the investigation of a terror attack that killed four americans goes now. and, our power player of the week, continues in holiday tradition, to show respect for veterans. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. at christmas, people who arnauty get coal in their stock and if the white house and congress don't make a deal in the next nine days to avoid the fiscal c
CNN
Dec 23, 2012 1:00pm PST
until tomorrow. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescript
MSNBC
Dec 26, 2012 1:00pm PST
. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house republicans to help hammer out a deal. the gop leadership has not yet called their members back to d.c. and will not be in session tomorrow for legislative business. according to one gop aide, they felt it's up to the democrats to act now. so the christmas spirit has not softened actions. but what has softened? customer confidence
MSNBC
Dec 27, 2012 1:00pm PST
the american people out of the line of fire in terms of taxes. >> it's being operated with a dictatorship of the speaker. >> i have never known john boehner not to have a plan. >> it seems pretty dark right now. >> it looks like there's no way there's going to be any deal done. >> so i say to the speaker, take the escape hatch we've left you. >> we're not going to get anything done that doesn't involve some measure of compromise. >> it's not 100% sure that's going to work any longer, and now that we know how fanatical the fanatics are. >> it's like blah, blah, blah. >>> a very busy day here in washington and we want to take you right to the senate floor where senator mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not
MSNBC
Dec 21, 2012 7:00pm PST
to be raised from new taxes, then, of course, grover norquist would use all of his powers to oppose those taxes. grover norquist, who is, of course, a member of the board of the national rifle association. so the ceo of the nra took to a microphone in washington today to suggest a solution to the massacres of children in our schools and the solution is something he and his friends would not be willing to pay for. and he and his friends would attack any politician who attempted to pay for it. he reached for a variety of ways to make his point. >> we care about our money. so we protect our banks with armed guards. >> i don't know about you, but i cannot remember the last time i was in a bank that had an armed guard. all banks had them when i was a kid. and the armed guards couldn't stop bank robberies then. what stopped bank robberies in america was not armed guards. it was video cameras and automatic locking saves that cannot be opened no matter how much you scare a teller with a gun. i'm not just talking about small town banks that i go into. new york city banks do not have armed guards anymore
MSNBC
Dec 23, 2012 9:00am PST
would vote for revenues including tax rate hikes, even though i don't like them, to stave country from becoming greece. >> today, despite the president being in hawaii, the fiscal cliff is still on the agenda. kristen welker is with the president in honolulu. good day to you, kristen. what are you hearing there? >> reporter: alex, good morning to you. white house officials say this is very much a working vacation, no word if president obama has actually spoke on the congressional leaders at this point. i can tell you that conversations are going on at the staff level. but the reality is that the hard work, the final touches probably won't be put on these bills or this bill, rather, that they're hoping to get until lawmakers, the president, return to washington. and of course that won't happen until after the christmas holiday. this has a lot of people worried, alex, because as you say there's not a lot of time left to get a deal done. president obama, house speaker john boehner, were very close to getting a deal. president obama had given a little on entitlement reform, house speaker j
CNN
Dec 21, 2012 11:00pm PST
leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> "outfront" tonight, chief white house correspondent jessica yellin and dana bash. ladies, nice to see both of you. jessica, we'll start with you. the president's message was short and sweet and kind of basic. what do you think is different this time around in what he is saying? >> well, what's different is it is less than two weeks until the new year and the president is about to leave
CSPAN
Dec 23, 2012 2:00pm EST
's alternative that would have raised taxes on annual incomes of more than $1 million. this is about one hour. >> i'm not doing a sesame street skit here. this is what we're talking about. i think about planning a which is what the majority in the house of representatives has been trying to implement. it is very simply a plan designed to put into place that democrats and republicans say they support. that is meaningful, strong, bold plans for a simple, fair tax code. the president supports tax reform and taking the top from 25% to 30%. majoritysay we in the have been trying to put into place a real, meaningful tax reform that can ensure people can reduce rates and generate domestic growth. the trouble with that is our plan a has been designed to bring about a reduction of size and scope and the reach of the federal government. everyone knows what that means. real entitlement reform. plan a consists of two simple things. pro-growth tax reform that will keep taxes low for individuals and job creators, and small businesses in this country, so we can encourage that kind of job creation which we a
MSNBC
Dec 23, 2012 7:00am PST
this is the congress of today. >> as you know, the house did not take up the tax bill last night because we didn't have the votes to pass it. it's not the outcome that i wanted. that was the will of the house. >> it was the will of the house to do nothing? on thursday night, the members of the elected house of representatives decided it would you describe not their will to take a vote on their own leadership's proposal. it would have exempted the first million dollars of income from a tax increase. there was no chance of being passed into law as the president made clear he would veto it. if the speaker's plan b passed the democrat controlled senate. this was a republican proposal. house democrats would not have supported it. democrats couldn't agree to vote on it. instead, they walked out and went home for the holidays. forget about bipartisanship, this house couldn't achieve partisanship. as the speaker explained it, his fellow republicans wouldn't vote on the proposal because they didn't want to be perceived as tax raisers. now, the speaker is at a loss. >> many of us believe on both sides of the ais
MSNBC
Dec 24, 2012 3:00am PST
is could you vote for a bill that extended tax cuts for $250,000 and below, extend ed unemployment insurance as the president wants to do and in some way delays some of these automatic spending cuts? could you vote for that in the short term? >> no. if you want leaders, then you have to lead. the president has been a pathetic fiscal leader. he's produced three budgets and can't get one vote for any of his budgets. boehner will be tip o'neill. obama needs to be ronald reagan. here's what i would vote for. i would vote for revenues, including tax rate hikes, even though i don't like them to save the country from becoming greece but i'm not going to set aside the $1.2 trillion in cuts. any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made sense. to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of more taxes. i like simpson-bowles. eliminate deductions, more r
MSNBC
Dec 22, 2012 12:00am PST
that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> you know, president obama today could have come out, and he could have just punched boehner right in the nose. he could have come out and kicked the guy today when he was politically down. but the president came out today with a demeanor of, hey, let's do a deal. it was a rough night at the office, but let's not give up on this. president obama has gone back to the basics. the days of the grand bargain he knows are over. but the president wants an extension on tax cuts for income below $250,000, as well as extended unemployment benefits. what's wrong with that? spending cuts can be dealt with later on in the future. and, of course, as luck would have it, there is already a bill exactly like this sitting in the united states senate. harry reid passed it back in july, and republicans refused to vote on it. boehner, why don't you vote on that? the ti
MSNBC
Dec 24, 2012 6:00am PST
that sentiment, if no deal is struck by next tuesday. people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't believe there's a fiscal side of the budget. they're focused on cutting spending in unprecedented ways and they don't believe in taxes essentially. on the budget committee we've seen this day in and day out. these members of the house, and i don't know how many of them there are, but at least 50 or 60 basically have established a record in which ne hathey have firmly embraced the concept of not raising taxes and serious cuts that they put themselves in a box and they really can't get out and that's really tying up everything. because we can do a deal very q
FOX News
Dec 24, 2012 8:00am PST
the cliff because then tax less go up. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for, for years. and he gets to blame republicans for it. >> reporter: democrats say that is ridiculous, that the president has been working with republican leaders again and again trying to workout some sort of a deal, both on spending and taxes to avoid the fiscal cliff, and democrat chuck schumer yesterday said the real problem is that republicans won't admit the president won the election and that tax rates are going up. take a listen. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, 250, no tax increase for people below, but taxes for people above, he won 60% of the voters said they were for it in the exit polls, including some republicans. >> reporter: all eyes now turning to the possibility
MSNBC
Dec 22, 2012 11:00am PST
getting close to some sort of a deal, a deal that would have dealt with deficit reduction as well as tax reform, but that all fell apart and now there's a big question mark about how they move forward and the president himself acknowledging when he addressed the nation on friday that given the tight timeframe, hopes for a larger deal have all, but faded and he's calling on congress to work together to just get a deal that would have at the very least extend lower tax rates for those making $250,000 or less and also to extend unemployment insurance and to help lay the groundwork for deficit reduction in the future. right now the expectations have been lowered a great deal in terms of what is actually possible and you heard the president say that he is still optimistic that something can get done before the january 1st deadline and of course, there's a lot of pressure for these lawmakers to get something done because if they don't the economy could go back into a recession eventa you willy. >> kristen well wiker with the president in hawaii. >>> joining me now from his home district in ver
PBS
Dec 21, 2012 6:00pm PST
: kwame holman updates washington's spending and tax stalemate after house republicans decide not to follow the leader. >> brown: and mark shields and michael gerson analyze the week's news. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> bnsf railway. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the remaking of the obama administration's foreign policy team began today as the president nominated massachusetts senator john kerry to replace hilary clinton as secretary of state. the former presidential candidate who lost to george w. bush in 2004 got the nod after u.n. ambassador susan rice withdr
CNN
Dec 22, 2012 5:00am PST
tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending and met them halfway on taxes. in terms of actual dollar amounts, we're not that far apart. as of today, i am still ready and willing to get a comprehensive package done. >> but time is running out. to reach an agreement, there are now just ten days left until automatic tax hikes and spending cuts do take effect. the s&p 500 and the nasdaq finished in some negative territory for the day. investors fear the country could slide back into recession if there's no deal to prevent automatic tax hikes and spending cuts. >>> staying in washington, senator john kerry is in line for a new job. president obama officially nominated kerry to be the next secretary of state. he's currently the chairman of the senate foreign relations committee. secretary of state hillary clinton said she wanted to leave the job after president obama's first term. >>> well,
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